Northwest & Ethical Investments L.P. Purchases New Holdings in HubSpot, Inc. (NYSE:HUBS)

Northwest & Ethical Investments L.P. acquired a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, HoldingsChannel reports. The fund acquired 150 shares of the software maker’s stock, valued at approximately $104,000.

A number of other hedge funds have also made changes to their positions in HUBS. Teacher Retirement System of Texas purchased a new stake in shares of HubSpot during the fourth quarter worth approximately $318,000. Royal London Asset Management Ltd. grew its holdings in shares of HubSpot by 5.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 20,926 shares of the software maker’s stock worth $14,581,000 after buying an additional 1,009 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of HubSpot by 6,327.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,864 shares of the software maker’s stock valued at $1,298,000 after buying an additional 1,835 shares during the last quarter. Vinva Investment Management Ltd lifted its stake in shares of HubSpot by 46.4% in the fourth quarter. Vinva Investment Management Ltd now owns 5,127 shares of the software maker’s stock worth $3,586,000 after buying an additional 1,626 shares in the last quarter. Finally, Xponance Inc. boosted its position in HubSpot by 10.6% during the fourth quarter. Xponance Inc. now owns 9,492 shares of the software maker’s stock worth $6,614,000 after acquiring an additional 906 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HUBS. Scotiabank increased their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. BMO Capital Markets boosted their price objective on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. Finally, Mizuho upped their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $853.32.

Insider Activity

In other news, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,425 shares of company stock worth $15,866,151. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Up 1.1 %

Shares of HUBS opened at $604.89 on Friday. The company has a market cap of $31.55 billion, a P/E ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s 50 day moving average price is $715.33 and its 200 day moving average price is $655.14.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.